Auto Sector

Cost of raw materials also went up.

Since its inception, the company has produced more than 50 lakh passenger vehicles.

Analysts at IIFL Capital Services have initiated coverage on Zomato recently. Zomato is India’s largest Food Tech Company, with market leadership in Delivery and Restaurant Classifieds.

Markets see profit booking; selling by foreign investors.

Divgi TorqTransfer, an auto components maker has fixed a price band of Rs 560-590 a share. The company will raise Rs 412 crore on the upper price band.

The Committee will submit its report within 2 months.

Coal India has reported healthy 14% YoY production growth in 11MFY23, and is well on track to exceed the 700mt target. Offtake grew 5% YoY in 11MFY23. Healthy end February 2023 inventory levels at 50mt (up 17%), combined with better overall supply situation and moderate global coal prices, should keep e-auction premiums at current or lower levels in near term.

Auto volumes in February 2023 were marked by a positive surprise in MHCV and a negative surprise in 2Ws. The big picture is that the rate of YoY growth is moderating.

As per the reports, the company has also raised more than Rs 185 crore from anchor investors.

In most countries, the central bank has an implicit dual mandate.